Strathcona Resources Ltd. (TSE:SCR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Strathcona Resources Ltd. (TSE:SCR) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$36.38.

SCR has been the topic of a number of research analyst reports. Atb Cap Markets downgraded Strathcona Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on Strathcona Resources from C$34.00 to C$36.00 in a report on Friday, November 15th. TD Securities raised their target price on shares of Strathcona Resources from C$30.00 to C$31.00 in a report on Friday, November 15th. Scotiabank upped their price target on shares of Strathcona Resources from C$35.00 to C$37.00 in a research note on Friday, November 15th. Finally, ATB Capital increased their price objective on shares of Strathcona Resources from C$37.00 to C$38.00 in a research report on Friday, November 15th.

Strathcona Resources Price Performance

Shares of Strathcona Resources stock opened at C$27.31 on Friday. The company has a market capitalization of C$5.85 billion and a price-to-earnings ratio of 6.35. The company has a quick ratio of 11.09, a current ratio of 0.53 and a debt-to-equity ratio of 50.29. The stock’s 50-day simple moving average is C$29.43 and its 200-day simple moving average is C$30.24. Strathcona Resources has a 52 week low of C$21.35 and a 52 week high of C$37.69.

Strathcona Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. Strathcona Resources’s payout ratio is 23.26%.

Insiders Place Their Bets

In other Strathcona Resources news, Director Navjeet Dhillon purchased 3,000 shares of Strathcona Resources stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of C$32.56 per share, for a total transaction of C$97,668.00. 91.34% of the stock is currently owned by company insiders.

About Strathcona Resources

Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada. It operates through three segments: Cold Lake Thermal, Lloydminster Heavy Oil, and Montney. The Cold Lake Thermal segment includes three producing assets in the Cold Lake region of Northern Alberta; and Lindbergh, Orion, and Tucker.